Rupee gains 29 paise against dollar in early trade, but crude prices limit gains
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On Wednesday, the Rupee saw an impressive rise of nearly 0.5% against the US Dollar, marking its highest point in six weeks. This boost was fueled by strong foreign currency inflows from the Jio IPO and positive movements in the equity markets. Nonetheless, high crude oil prices presented challenges for the domestic currency, with the dollar index inching up and Brent crude futures rising notably.
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The rupee opened higherOn Wednesday, the Rupee saw an impressive rise of nearly 0.5% against the USdollar, appreciating by 29 paise to a solid 94.62,Dollar, marking its highest point in six weeks. This boost was fueled by strong foreigninvestments linked tocurrency inflows from the Jio IPO andbacking frompositive movements in theReserve Bank of India. Nevertheless, persistentequity markets. Nonetheless, high crude oilprice surgesprices presentedongoingchallenges for thecurrency. Thedomesticequity landscape also showed positivity,currency, with theBSE Sensex recording substantial gains, even as foreign institutional investors stayed in a selling position.dollar index inching up and Brent crude futures rising notably.Ver versiones y huellas
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- https://timesofindia.indiatimes.com/business/india-business/rupee-gains-29-paise-against-dollar-in-early-trade-but-crude-prices-limit-gains/articleshow/135082744.cms
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- 21/10/2026 05:14 UTC
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- 21/10/2026 05:38 UTC
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